To require additional tariffs be imposed on products of any nonmarket economy country until the President certifies to the Congress that the country is a market economy country, and to direct the Secretary of the Treasury to deposit the amounts generated from those tariffs into the Social Security trust funds.

H.R. 571 would impose additional taxes, known as tariffs, on all goods imported into the United States from countries classified as "nonmarket economies," such as China, Vietnam, and several former Soviet republics. These extra charges would remain in place until the President certifies to Congress that a country has transitioned to a market-based economy where prices are determined by supply and demand rather than government control.

For everyday citizens, this bill would likely lead to higher prices for consumer goods imported from the affected nations, but it also mandates that all revenue collected from these specific tariffs be deposited directly into the Social Security trust funds. This measure is intended to provide a new source of funding for federal retirement and disability benefits while using trade policy to encourage economic reforms abroad.